An elderly Westport woman who pawned her wedding ring on Christmas Eve has set in motion a legal action that may force dozens of pawnbrokers across the state to shut their doors. "Life as Connecticut pawnbrokers have known it is over," said Bridgeport lawyer Jonathan Klein after the Connecticut Supreme Court ruled last week that the state's pawnbrokers must reduce the interest rate they charge for so-called buy-back loans -- the bread and butter of many pawnbrokers -- because they are in violation of the state's usury law.
via Bridgeport Newswire http://ift.tt/XqT4P6
via Bridgeport Newswire http://ift.tt/XqT4P6
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